Core Viewpoint - Federal Reserve Governor Stephen Miran advocates for the exemption of U.S. Treasury bonds from a key bank leverage ratio, suggesting that regulatory agencies should take more extensive actions than previously proposed [1] Group 1 - The call for exemption is aimed at enhancing the stability and liquidity of the banking system [1] - Miran's proposal indicates a shift in regulatory approach towards U.S. Treasury bonds, which are considered critical for financial markets [1] - The suggestion reflects ongoing discussions about the adequacy of current leverage ratios in the context of economic conditions [1]